Aje Shaluga Enterprises, LLC - ASE

02/03/2022

Disclosure post:

After the first week of the year we gave a breakdown of our trading that week and account performance. We won’t do that every single week but we will give periodic updates. This is our status after the first month of the year.

We started the year with $3,000 after taking the rest of our gains from 2021 out of our account. We did over 100% that first week and then took our first payment of the year. Our goal is to pay ourselves at least $2,000 a week, on average. Some weeks that might be $0, some weeks $1k, some weeks $5k depending on the circumstances.

That first dip you see in early Jan is largely, but not solely, our first withdrawal. Had a couple losing trades in week two as the volatility started to pick up.

Weeks three and four were mostly sideways, we made about $600 during that time. We got very defensive, protecting capital was primary focus and not chasing trades, forcing myself to take trades that didn’t meet the setups I look for or having cash tied up in mediocre trades. This is important because I have an approach that could be compared to poker in that the stronger my hand gets in a trade, the bigger position I take in it. If my money is tied up, or worse getting lost in bad trades, I lose the flexibility to do that.

At the end of week 4, last Thursday and Friday, and into this week we have found positions we like (for scalp/day trades, we prefer long setups but are still trying to stay liquid in that regard) and we have hit them hard. We have made at least $1k each of those days except last Friday, where we made $700 or so. Mostly that has been shorting the QQQ, but a couple Call plays such as XOM on Tuesday and COST today. All in all we are right around 300% so far for the year. We will likely take our second withdrawal tomorrow.

Unless we have another really strong day tomorrow, we will probably end up below our $2,000 average payment per week (will more likely pan out to $1,000/wk), but we are not worried about that as we build the account up we will pay more frequently and hopefully in some bigger amounts also. Last year I worked from $10k as my base and took my payments as I ran it up. So we just getting to that level for 2022. A lot of year left!

02/03/2022

Step into a world where’s there’s no one left but the very best.

(Check the tape)

February 3, 2022 John McLaughlin The material on this report represents an assessment of the market and economic environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. Forward-looking statements are subject to certain r...

01/23/2022

Two new videos posted on the website covering the 4 stages of the market cycle and identifying and drawing key levels on your charts.

In this video we talk about the 4 stages of the market cycle and their importance in identifying trend and buying at the best time to maximize return efficiency.   

01/21/2022

From Wednesday. $PG pushed up to a new all time high briefly just shortly ago and they’ve been pushing upwards everyday since this report despite the market continuing its correction all three days.

Focus on the individual setup. What’s going on with the indexes is just a backdrop and framework for what’s going on (unless you are trading the indexes themselves or their derivatives obviously). Not irrelevant by any means, but the individual setup gives you the road map for the possibilities of how a stock may move.

Some will slight TA like “oh can you explain the fundamentals though?” First off, yes I can, as seen in my report blurb. Fundamentals don’t move stock prices though. Buying and selling moves stock prices. Price action moves stock prices. Supply and demand moves stock prices. There’s plenty of fundamentally sound and even great companies that are correcting right now.

Fundamentals play their role.
Macro environment plays its role.
Market psychology plays its role.

The role of TA is not prediction or being intellectually superior to these other areas. It’s a map. The trade plan is the itinerary that lets you know whether things are on schedule or whether you might need to go wait at a different station, change directions or even find another ride.

01/08/2022

After a strong start the week, indexes largely got beat up the rest of the week. While you definitely should be aware of what’s going on with indexes, especially during bear markets, focusing on the individual stock setups can help avoid traps and make sound decisions when you do enter one.

Our report is designed to help you build a watchlist and learn how to use price action to determine your moves, not to blindly jump in any play that you see.

We primarily focused on 3 companies this week, XOM, QCOM and BAC.

We had some XOM contracts from a call on one of our reports last week which we cashed out Monday, and then hit them again Wednesday for another 33%.

After Monday we got pretty defensive because of weak conditions in the overall market, taking profits early or using tight trail stops, and cutting losses even quicker than normal. We took a position in QCOM Monday which we cashed out early Tuesday and then hit them with quicker strikes twice Wednesday, each time for 15-30%.

Also on Wednesday we hit TSM twice for 25% and 33%, and took a 5% loss on PLTR (we gave some great downside levels for them if it broke below $18 if you wanted to go that route, but we personally chose to focus on other stuff we felt more strongly about).

Thursday we took a position in BAC early, took a 10% loss, and repositioned a little later in the day. All we did Friday was cash out that second BAC position for 78%.

All in all, it was a great start to 2022. We took the vast majority of our gains from 2021 out of our account and reset for 2022 with $3,000. Without swinging for the fences,l or exposing ourselves to too much risk, and without any particular trade that was mind blowing, we already more than doubled our account.

Obviously, we don’t expect to double our account every week as it grows, and every week will be different, but if our average week can approximate this it will be quite the year.

01/03/2022

Late getting to this cause I was out of town for the New Year but last week’s work. December was super choppy so you have to be prepared for false breakouts, be willing to take what the market gives you and then leave it alone or wait for the right opportunity to reposition, and/or have the dexterity to play in either direction based on the price action.

We emphasize risk management, protecting profit, cutting losers, riding winners. If you stick the script, you find longevity.

12/28/2021

Our office for the day…Montreat, North Carolina

We don’t desire to watch charts tick all day in front of a screen. Not saying we NEVER take a trade like that but that’s not what we want to do all day, everyday.

We take trades on stocks breaking out from a base and we ride the wave as far as it takes us.

We ran up over a band with Apple on a 30% gain by utilizing position size. (Disclosure: Not closed yet, January $180 C).

We took our initial position quickly as it opened above our key level ($176.75) and pushed away from it. We set a 7% stop out the gate.

For the first hour or so there was a little back and forth between $178 and $177. The most we were ever down was 5%, which was brief. Once we got confirmation we were moving above $178 we added to our position and moved our stop slightly above break even.

Then we took a nap, went to the park with the fam and hit up Ole Guacamole’s for a late lunch. By the end of all that the market was nearing close and we were up $1,200 on a 30% gain.

Yes things could go against us tomorrow, but we have essentially four weeks until expiration, and a back stop set to lock in profits. Unless Apple gaps down multiple dollars tomorrow pre-market, which is possible but not super likely, we will make at the least $800, and if strong buying continues we can add several hundred dollars if not another band or two to our profits. So it’s a calculated risk we are willing to accept.

It’s all about having a system and managing risk/reward ratios.

Come get with us.

12/24/2021

We have been doing this for over 2 years and have picked over 2,000 plays in that time. Our picks have been 94% correct. The average return on those picks over the life of the contract is 215%.

Yet consistent success didn’t come until I stopped focusing on those types of numbers. Not all “winners” are created equal. Sometimes a 100% winner can become a loser in a matter of minutes or hours and if you don’t have a true system in place that emphasizes risk management and discipline the fact the play was a 100% winner won’t matter.

Sustained success for me came when I stopped listening to people that said I should be right 90% of the time. When I stopped listening to people that hyped up their biggest winners. When I stopped listening to people who at first didn’t teach options because they are high risk only to turn around and offer courses on it cause they know they can make money doing so. Or that said they don’t use and I don’t need technical analysis only to turn around and offer a TA class.

I’ve made more money focusing on risk management and utilizing position sizing on 20-50% winners than I ever did focusing on win rate and higher return percentages.

We’ve made way less money as an educator because of this change in focus, but that is fine with us. Risk management and discipline are not as exciting and enticing as “I have a 94% win rate on my picks and a 215% average return”. But we would rather keep it real with our clients and serve fewer than push crash and burn tactics on more.

12/24/2021

If you dislike stop losses because they stop you out of winning trades before they become winners, what that really means is that you have erred in entry but you would rather blame the stop loss than yourself.

12/20/2021

Price action is king.

12/18/2021

I haven’t been sharing these in a while but I think I’ll get back to it. The reason I haven’t is because I no longer wanted to be one of those guys selling hype. Because the fact is if you don’t have a system of ex*****on, discipline, etc, none of this matters.

For example, on the WMT play yes you could have been up by 120% by Wednesday on a play called on Monday. But if you didn’t have protections in place you would have been down at the end of the week.

Similarly on the LOW play, it shows 0% return. But if you had been patient and watched the levels I provided, you could have made a couple hundred percent from late Wednesday to Friday.

I also give you information that allows you to play in any direction depending on the price action. So again, using LOW, you could have made a couple hundred percent on the upside (a call position) even though I technically put a Put on the report because I give you levels to watch in both directions. Then you could have turned around and made another couple hundred percent to the downside.

So I’m more interested in helping folks develop a long-term sustainable system that works for them than showing off all my great picks. At the same time, I don’t want people to forget it’s banging over here 😏

12/16/2021

There’s 5 things that can happen when you trade in the markets:

1. A large profit
2. A small profit
3. Break even
4. Small Loss
5. Big Loss

Once you have studied the markets and learned about how to analyze a company and all that good stuff, the most basic part of being a long term successful trader is simply developing the risk management and discipline to eliminate option number 5.